Bloomberg Thailand will freeze retail diesel prices and subsidise cooking gas prices for the low-income groups, part of a raft of measures unveiled to provide relief to consumers hit hard by soaring energy prices. Retail diesel prices will be capped at 30 baht ($0.9) a liter till the end of April, PM Prayuth Chan-Ocha told reporters after a cabinet meeting ...

“The language people speak in the corridors of power,” former Secretary of Defense Ashton Carter once observed, “is not economics or politics. It is history.” In a recent academic article, I showed how true this was after both the 9/11 terrorist attacks of 2001 and the “9/15” bankruptcy of Lehman Brothers in 2008. Policy makers used all kinds of historical ...

Hong Kong appears to have accepted defeat. Chief Executive Carrie Lam set out a blueprint for undoing the stringent social distancing measures and border curbs that severely curtailed residents’ daily lives for the past two years. Despite the government’s Covid-zero measures, 3.6 million of the city’s 7.3 million residents may have been infected. The statistic reflects badly on Hong Kong. ...